Menu

Ireland's sailing, boating & maritime magazine

In association with ISA Logo Irish Sailing

UK Government Gives Guidance On VAT Status For Recreational Craft In Event Of No-Deal Brexit

8th March 2019
847 Views
UK Government Gives Guidance On VAT Status For Recreational Craft In Event Of No-Deal Brexit

Third country customs controls will apply to all pleasure craft moving within UK waters in the event of a no-deal Brexit, HM Revenue & Customs has confirmed to British Marine regarding the VAT Paid Status of recreational craft.

Upon exit from the European Union, which is currently scheduled for Friday 29 March, “customs declarations may be required for pleasure craft which are being imported to the UK from other EU countries and export declarations will be required for pleasure craft sold to other EU countries”.

For goods moving in and out of the UK temporarily, private owners and businesses alike will be required to use special customs procedures such as Temporary Admission or the Carnet system.

“These procedures will require personal owners or traders to provide financial security to cover any potential liability for import duty. It will be for importers and exporters to decide which process will be most suitable.”

For the time being, UK-based importers will have to prepare for import VAT payments on non-UK vessels, though “for the foreseeable future” these payments will not be due up front and may be reflected in regular VAT returns.

Import VAT relief may be available to some ex-pat UK owners under certain conditions. And vessels brought into the UK from the EU for works will be subject to customs procedures along the same lines as non-EU vessels are at present

British Marine has more analysis of the HMRC guidance HERE.

In Ireland, temporary admissions (for up to 18 months) of pleasure craft from outside the EU can be made without payment of VAT or Customs Duty.

Published in Marine Trade
Afloat.ie Team

About The Author

Afloat.ie Team

Email The Author

Afloat.ie is Ireland's dedicated marine journalism team.

Have you got a story for our reporters? Email us here.

We've got a favour to ask

More people are reading Afloat.ie than ever thanks to the power of the internet but we're in stormy seas because advertising revenues across the media are falling fast. Unlike many news sites, we haven’t put up a paywall because we want to keep our marine journalism open.

Afloat.ie is Ireland's only full–time marine journalism team and it takes time, money and hard work to produce our content.

So you can see why we need to ask for your help.

If everyone chipped in, we can enhance our coverage and our future would be more secure. You can help us through a small donation. Thank you.

Direct Donation to Afloat button

Featured Sailing School

INSS sidebutton

Featured Clubs

DBSC
Howth Yacht Club
Kinsale Yacht Club
National Yacht Club
Royal Cork Yacht Club
Royal Irish Yacht club
Royal Saint George Yacht Club

Featured Brokers

mgm sidebutton
bjmarine sidebutton
xyachts sidebutton

Featured Associations

ISA sidebutton
ICRA
isora sidebutton

Featured Events

tokyo sidebutton
sovscup sidebutton
vdlr sidebutton

Featured Chandleries

CHMarine Afloat logo
viking sidebutton

Featured Sailmakers

northsails sidebutton
uksails sidebutton

Featured Marinas

dlmarina sidebutton

Featured Blogs

W M Nixon - Sailing on Saturday
podcast sidebutton
BSB sidebutton
sellingboat sidebutton

Please show your support for Afloat by donating